#Bitcoin breaks $105,000#

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Overview

Bitcoin has continued to climb in recent days, breaking through $105,000 on the eve of Trump's inauguration. The market generally believes that the Trump administration will adopt a friendly policy towards cryptocurrencies and may establish a national Bitcoin reserve, which has sparked investor optimism about the future prospects of the crypto market. Additionally, a renewed buying interest from US investors ahead of Trump's inauguration, with the Coinbase Bitcoin premium turning positive, also pushed Bitcoin prices higher. While some analysts remain cautious about a possible price correction, overall, the market remains optimistic about the future direction of Bitcoin.

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Analysis

Bitcoin's price recently broke through $105,000, reaching a new high since 2025. This rally is primarily driven by expectations of a friendly policy towards cryptocurrencies from the incoming Trump administration. The market generally believes that Trump may elevate cryptocurrencies to a "national priority," establish an advisory council to develop relevant policies, and even potentially create a national Bitcoin reserve. Additionally, investor interest in cryptocurrencies in the United States has significantly increased ahead of Trump's inauguration, with Bitcoin's premium on Coinbase turning positive. Although some analysts remain cautious about the actual implementation of Trump's policies after assuming office, market expectations of a "Trump pump" remain strong, and Bitcoin's price is expected to continue rising.

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Classic Views

Trump will release an announcement supporting cryptocurrency after his inauguration, triggering a 'Trump pump' effect, driving Bitcoin prices up.

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The Trump administration may make cryptocurrency a national policy priority, including establishing a US Bitcoin reserve, which would have a significant impact on the crypto market.

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US investors are optimistic about the Trump administration's crypto policy, leading to increased Bitcoin trading volume and a positive Coinbase premium.

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Bitcoin has broken through its all-time high and has the potential to rise further, reaching $128,000.

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